Hi there! Do you have a video tutorial - showing a way to complete the self assessment tax return if you are full time employed and self employed at the same time for 23/24 by any chance? Thank you! Your videos are the best
@MarrakechTКүн бұрын
In the 'Tailor your return' section you'd tick that you were employed and fill in that section.
@lianablacknanos23 сағат бұрын
@@MarrakechT Thanks Marrakech but there are more questions to follow this, so I was wondering if there is a similar video tutorial quite analytical to avoid confusion
@MarrakechT23 сағат бұрын
@@lianablacknanos Ah!
@_J4CK4L_Күн бұрын
Thank you
@dkaradiaКүн бұрын
Thank you. My accountant put up their fees and I felt left in the lurch. This broke it down in an easy to follow way and I was able to submit it myself.
@dkaradiaКүн бұрын
Really helpful thank you. Life saver!
@RideitoutyoutubeКүн бұрын
first time doing it, brilliant video. not all heros wear capes
@IanHook-wv9mj2 күн бұрын
The thing that annoys me is that the wording on the calculation is 'profit from uk land and property'. It's not profit because the mortgage costs haven't come off that figure.
@raptor26283 күн бұрын
Me and my partner jointly own a rental, we are both employees too who pay our taxes. Do we put yes or no in the employee section as we are only doing the self assessment to show our earnings from property income
@NizamSulaman4 күн бұрын
i am from South Africa
@JenniferWoods-w3e4 күн бұрын
Could you tell me why withdrawals from my SIPP drawdown account always show as if they are payments from an employer and what should I do about this please?
@thebonkarsgamer4495 күн бұрын
900 quid is embarrassing my account gets my 5.5-7k a year
@graham14898 күн бұрын
Brilliant video, very clear and concise. I work from home as self employed and wish to use Simplified Expences, where do I enter this information on my submission? Many thanks, Graham
@IngoKociper9 күн бұрын
One question, please! Is NVIDIA a safe buy to outperform the market this year? I'm tired of these new buys every week, just to make up some assets with a low percentage on my $236k portfolio and try to keep everything around 10%.
@ChristophersHoyts9 күн бұрын
I've always advised the investors I know to exercise caution when it comes to new buys, especially right now. You should thread the market with the guidance of a qualified specialist or reliable counsel if you don't know where to look.
@JuneTalley9 күн бұрын
@@ChristophersHoyts I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
@IngoKociper9 күн бұрын
@@JuneTalley How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@JuneTalley9 күн бұрын
@@IngoKociper The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@IngoKociper9 күн бұрын
@@JuneTalley I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
@revanslacey9 күн бұрын
29:15 My tax return doesn't give me the option of recording my expenses as a single value. Am I to understand that I am forced to split them out using their categories?
@CKINVESTOR10 күн бұрын
How does the same day rule actually work? I didn't understand. If I sold 100 shares at an average price of 10p and I bought back on the same day at 8p, will my average price for all my shares old and new now have a value of 8p instead of 10p? Even though my average price was 10p for the remaining 90% of my shares.
@dylanwilson754410 күн бұрын
it's like CHRISTMAS this guy comes once a year and I'm very grateful for him 🥳🥳🥳
@JMSocialMediaService10 күн бұрын
Great but nothing for non-disposed and or disposed of crypto assets (value increased or interest received?)?
@leeprice960812 күн бұрын
do you guys deal with crypto capital gains?
@KissisAdventures13 күн бұрын
Interesting video. I receive less than £1000 from KZbin pa. You mentioned other income from self employment. Is income from rental properties counted as I don't fill out a self employed tax return but I do submit an income from property tax return. Thanks
@elephantandcastledaynurser698414 күн бұрын
Hi, very helpful tutorial. I have problem with filling in The Balance sheet page 1 and 2 in my SA for 2023/24 and I did not see your explanations regarding these request for my tax return. Could you please advise me what to fill in in this balance sheets? Many thanks
@RodneyCoat14 күн бұрын
HI IM TRYING TO REGISTER for self assessment to pay the high income child benefit charge as I earn over 50k but I've had the form returned once already as incorrectly filled out there's a couple of questions at the lower part of the form I'm struggling with it mentions to please enter the latest of ;tax year end date your income exceeded £50000 which I've done do I also fill in the next question which asks the date child benefit started if it is after 7th jan 2013 which it wasn't for me my daughter was born in 2007 , the last part of this makes little sense it just says 7th jan 2013 then in brackets { if you or your partner got child benefit before the new rules started ]what does this part mean ?? or am I just thick ?? thanks for any advice
@fraserbruce917114 күн бұрын
had to speed this up to 1.25 lol
@ipprp789816 күн бұрын
Hi, thank you for such very great content u put on.. I just have a quick question regarding the interest only mortgage of a BTL property on personal name : I know now that we are allowed to have 20% reduction only as an expense on interest payment , do you fill in the full year interest you paid OR you only amount after deduction of that 20% ? MANY THANKS
@meetdamien16 күн бұрын
Once again ... thank you for your service
@Stuparod17 күн бұрын
I'm scrabbling to find info here. I don't do a self assessment as I've closed down my business, because I retired .. Then inheritance handed me a house.. Which I sold to give my brother his residue from mums Will. How the .. heck .. do I contact Capital Gains Tax office?! (No return address OR email OR website on their letter. Where do I send the pigeon?)
@dr.s.eoophd590917 күн бұрын
Really good video, thank you. May I ask for a similar video on foreign income?
@harminderkambow964218 күн бұрын
Wonder if anyone can help with a simple (I hope) question. I work in full time employment and taxed under PAYE. I also do a side hustle on Airtasker doing handyman tasks on the weekend The gross income is over £1,000, so i've registered as self employed/self assessment to declare this side hustle income. Does it matter where I record this income? Under the 'Self employment' section, or under the 'Trading/miscellaneous' income? I've currently put it under the 'Trading/Misc' income section. It doesn't effect the overall tax liability, but wondered it if matters in any way?
@rossmcculloch486518 күн бұрын
Not the form that comes up for me. I’ve a section on ‘deductibles’
@lukevirtualgameruk352320 күн бұрын
Thanks for the info, I have a UTR but I'm starting a new business do I need a new UTR or will they send the same one.
@mick-tl5ui20 күн бұрын
what happens if your holliday let is less than 105 days? say for only 60 days?
@davidswan141420 күн бұрын
Brilliant. Clear and easy to follow. Thank you!
@danieljames613622 күн бұрын
Thank you! (again)
@magdalenamm21623 күн бұрын
Hi I am starting my relationship coaching business as a sole trader, I thought you only have to do it once you got earn over £1000?
@ukasiak298923 күн бұрын
If I registered myself as a a self employed in 2021 and in last year stop trading so my turnover was less than 1000 pound , do I need declare for example 500 turnover from self-employed in my self assessment, or just skip that part ?
@lowfidelityfeatures-sn4eq24 күн бұрын
Does anyone have experience with being employed for 6 months and then self employed for the other six months of the tax year? How do you report the income then?
@prachishrivastava861924 күн бұрын
Is the taxation on income from side hustle on revenue or on profit? If one earned £30k from side hustle in addition to employment salary can they deduct business expenses from that £30k before calculating their tax liability?
@JacobVincent-i9k25 күн бұрын
Hi sir my question can I change my date self assessment ..I want to add 7 more month like 5 April 2023 to 30 October 2024 it's possible sir ?
@sandrakirkpatrick419425 күн бұрын
Get advice from 2kier free gear starmer
@TheRealGreeble25 күн бұрын
Very good video. Though if I was awarded shares at different dates and sold them all at the same time, would I need to complete a worksheet for each share sold as they were acquired on different dates?
@Bonk-A-Lonk26 күн бұрын
If you enter into the higher tax bracket, is there somewhere you have to fill this out, or is this done automatically ?
@Bonk-A-Lonk26 күн бұрын
If i go over the basic tax allowance , does it automatically factor in the higher rate of tax ?
@moon4624727 күн бұрын
I am a non-resident landlord receiving rental income in the UK. The HMRC website is asking for a National Insurance number, which I do not have. What to do? Please help!
@antonywalker125828 күн бұрын
Hi I wonder if I could ask a specific question? If a person has a KZbin channel on travel and holiday locations, can the costs of the travel and accommodation be a tax deduction? Even if the channel generates no income?
@iamceceanderson28 күн бұрын
Thank you so much for creating this channel and this video. 😁✌🏾💚🙏🏾
@RMetsy28 күн бұрын
I started self employment work in April 2024. When will my deadline be to submit my self tax assessment?
@James-sh4zfАй бұрын
Where in the form is service charge inputted (for a non-holiday let). This is the largest expense of my rental income, almost a quarter of it is taken up by it.
@aqeelzadi943810 күн бұрын
For a standard (non-holiday let) rental property, service charges are typically entered under "Other Allowable Property Expenses" in the UK Self Assessment tax return (SA105 form). Here’s a breakdown of where to include it: Steps to Claim Service Charges in the SA105 Form: SA105 Supplementary Page for Property Income: Complete the SA105 form for reporting rental income and expenses for property you let out. Property Expenses Section (Box 24 to Box 29): Service charges (such as building maintenance fees, communal area cleaning, security, etc.) are included under "Other allowable property expenses" in Box 29. If service charges are your largest expense, listing them under this general category is acceptable, as they qualify as an ordinary and necessary cost to maintain the rental property. Supporting Notes (Optional): While there’s no requirement to break down individual expenses, you can provide additional information in the "Additional Information" section of your Self Assessment if you’d like to clarify the nature of this significant expense. Alternatively, keep detailed records in case HMRC has any questions. Example of Where to Input on the Form Expense Type: Box Number on SA105 Service Charges: Box 29: Other allowable property expenses Other Expense Categories (for Reference) If you have other common expenses (e.g., repairs and maintenance, utilities), there are specific boxes for these: Repairs and Maintenance: Box 25 Loan Interest and Finance Costs: Box 26 Legal, Management, and Other Professional Fees: Box 27 Service charges fit well in Box 29 because they’re ongoing costs directly associated with renting out the property. Including them here ensures you account for them fully in your allowable expenses, thereby reducing your taxable rental income.
@JohnEvans-w3eАй бұрын
my accounting period is different to the tax year dates, I have to bring my accounting dates in line this year but really struggling to understand what goes where on my tax return, help
@MARTINA-gc3tqАй бұрын
I am going to use Angela Rayner's accountant/tax adviser……
@MathildaCarinaАй бұрын
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
@SandraChirs5mАй бұрын
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@MatthewAidan4nsАй бұрын
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@JamesOliverr7sАй бұрын
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
@MatthewAidan4nsАй бұрын
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
@JamesOliverr7sАй бұрын
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@leewalerzakАй бұрын
I bought a van for work purposes can the whole cost of the van be put down as a capital expense as well as claiming travel mileage?
@timkempukАй бұрын
That for this. It has saved me paying someone to do it for me.